India’s coronavirus reported cases tally has just now crossed the grim milestone of 70,000. As India’s enters the last week of nationwide lockdown, the PM Narendra Modi asked the chief ministers to take decisions and decide the road ahead. It is highly likely that lockdown will be extended with more curbs and relaxations to go. Now that millions of people are staying at home, the whole economy is in the disruption. It is one of the times when the economy falls into recession and you get the chance to buy some high-quality stocks at lower costs. While some may suggest you stay away from the current market, many experts and market pundits believe that it is the right time to invest in the stock market and generate high returns over the long haul, say 5 to 10 years, or more.
Below we’ve mentioned selected stocks to invest in during lockdown that can benefit you in foreseeable future:
Hero Motocorp is a zero debt company with the ROE – 26% and ROCE 39% - which is the indication of the better financial performance of the company and potential in stock for the foreseeable future.
HDFC Life is a zero debt company with promoter pledging of 63% - which is good. The ROE and ROCE of the company are at 25% and 30% respectively, making it a reliable stock to look forward.
The ITC too have attractive ROE & ROCE values of 23% and 35% respectively.
Amber Enterprises is in Air Conditioning & OEM business connected with big brands like LG, Blue Star, Hitachi, SML ISUZU, Carrier, and Godrej etc. Amber Enterprises is a small-cap listed company with 0.34 debt-to-equity ratio with average CAGR (last 3 years) of 28 per cent. It is a small-cap stock with high growth potential available at 48 per cent discount from its 52-week high. Disclaimer: This is for the sole purpose to provide information to the readers and not to interpret as investment advice. It is also not to consider as an offer or solicitation for the purchase and sale of any financial instrument. Any action taken based on given information contained herein is your responsibility alone. Start investing now with reliancesmartmoney.com Comments are closed.
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December 2021
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